ELECTROTHERM (INDIA) LTD.

Electrotherm (India) Ltd has filed a disclosure regarding a share transfer within its promoter group. Suraj Shailesh Bhandari acquired 80,000 equity shares (0.63%) from Bhandari Rakesh through an off-market inter-se transfer by way of gift. This transaction does not alter the overall promoter and promoter group shareholding percentage, which remains at 29.87%. The total equity share capital of the company is Rs. 12,74,28,140, divided into 1,27,42,814 equity shares of Rs. 10 each.

Electrotherm (India) Ltd has announced its 40th Annual General Meeting (AGM) will be held on Monday, September 28, 2026, at 10:00 a.m. via Video Conferencing (VC) / Other Audio Visual Means (OAVM). The meeting will cover ordinary business such as adopting financial statements and re-appointing a director, as well as special business including the appointment of Mr. Raj Kumar Bansal as an Independent Director and Mr. Rajesh Bhalchandra Patel as a Non-Executive Non-Independent Director. The remote e-voting period will be from September 25 to September 27, 2026, with a cut-off date of September 21, 2026, for determining voting eligibility.

Electrotherm (India) Ltd has released its 40th Annual Report for the financial year ended March 31, 2026. The report highlights a net loss of ₹16.18 Crores, with total income at ₹3696.54 Crores and total expenditure at ₹3716.35 Crores. A significant audit qualification was noted regarding the non-provision of interest on Non-Performing Assets (NPA) amounting to ₹149.61 Crore for the year, with cumulative unprovided interest reaching ₹1066.12 Crore. The company's net worth is reported as negative ₹109.06 Crores. The audit opinion was qualified, and this qualification is noted as repetitive since FY 2011-12.

Electrotherm (India) Ltd announced the appointment of Mr. Rajesh Bhalchandra Patel as an Additional Director (Non-Executive Non-Independent) and Mr. Davesh Khandelwal as an Additional Director and Whole Time Director. Mr. Patel's appointment is effective August 26, 2026, subject to shareholder approval. Mr. Khandelwal's appointment as Additional Director is until the next AGM, and as Whole Time Director for three years from August 26, 2026, to August 25, 2029, also subject to shareholder approval. The board meeting where these appointments were approved took place on August 26, 2026.

Electrotherm (India) Ltd announced the appointment of Mr. Davesh Khandelwal as an Additional Director and Whole Time Director, effective August 26, 2026. His tenure as Whole Time Director is for three years, concluding on August 25, 2029, subject to shareholder approval. Mr. Khandelwal brings over two decades of experience in sectors including power, steel, marketing, and international trade, having previously held significant roles at Hindustan Unilever and Shreeyam Power and Steel Industries Limited. The board also approved the appointment of Mr. Rajesh Bhalchandra Patel as an Additional Director (Non-Executive Non-Independent).

Electrotherm (India) Ltd announced the appointment of Mr. Davesh Khandelwal as an Additional Director and Whole Time Director for a three-year term, subject to shareholder approval. The board also approved the appointment of Mr. Rajesh Bhalchandra Patel as an Additional Director (Non-Executive Non-Independent). Mr. Khandelwal brings over two decades of experience in power, steel, marketing, and international trade, having previously held a Whole Time Director/Managing Director role at Shreeyam Power and Steel Industries Limited. The board meeting took place on August 26, 2026.

Electrotherm (India) Ltd announced the allotment of 1,09,50,000 6% Non-Cumulative Redeemable Preference Shares of Rs. 10 each to existing preference shareholders, excluding Ahmedabad Aviation and Aeronautics Limited. This action was taken pursuant to a Hon'ble NCLT Order dated July 21, 2026, and in accordance with Section 55(3) of the Companies Act, 2013. The company also redeemed 10,50,000 preference shares at par for Ahmedabad Aviation and Aeronautics Limited. These newly allotted preference shares will be unlisted. The Board also approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.

Electrotherm (India) Ltd announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors approved these results on August 14, 2026. Additionally, the company approved the allotment of 1,09,50,000 6% Non-Cumulative Redeemable Preference Shares and the redemption of 10,50,000 preference shares for Ahmedabad Aviation and Aeronautics Limited, as per an NCLT order. The date for the 40th Annual General Meeting will be intimated separately.

Electrotherm (India) Ltd announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors also approved the allotment of 1,09,50,000 6% Non-Cumulative Redeemable Preference Shares, amounting to ₹10,95,00,000, to existing shareholders in lieu of deemed redemption. Additionally, 10,50,000 preference shares were redeemed at par for ₹1,05,00,000 to a non-consenting shareholder as per NCLT order. The company also noted that the issuance and redemption of these preference shares will not be treated as an increase or reduction in share capital.

Electrotherm (India) Ltd has announced that its Board of Directors will convene on August 14, 2026. The primary agenda item for this meeting is to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter that concluded on June 30, 2026. The company has also confirmed that the trading window for designated persons and their relatives, which opened on July 1, 2026, will remain closed until 48 hours after the submission of these financial results.